Human Centric Lighting Market: Current Analysis and Forecast (2021-2027)
June 2022
292
About the Report
About the Report
The Human Centric Lighting market demand is increasing at an influential rate over the years and is expected to witness extensive growth during the forecasted period as well. As working conditions have a powerful effect on the health of individuals and bad lighting had a significant impact on productivity, errors, health problems, absenteeism, accidents, staff motivation, and retention rate. Moreover, factors that are positively impacting the market size of human-centric lighting are increasing demand for energy-efficient lighting systems in various sectors, including residential, commercial, retail, hospitality, and public infrastructure is driving the human-centric lighting industry expansion.
In addition, LEDs and various tunable fixtures used in these systems consume less power compared to conventional halogen & incandescent lamps, enhancing the adoption of these systems. Along with energy efficiency features, these lights also offer compatibility with circadian rhythms and lower harmful impacts on visual & non-visual health.
Based on the offering, the human-centric lighting market is classified into hardware (fixtures, controllers), software, and services. The hardware segment caters to extensive market share in the human-centric lighting market. Hardware components, such as controllers & fixtures, are witnessing a high demand owing to visual benefits and technical advancements.
Based on the installation, the human-centric lighting market is bifurcated into new installations and retrofit installations. The retrofit installation segment acquired a considerable market share in the human-centric lighting market. It is mainly due to the rising consumer awareness regarding the importance of having adequate illumination. Lighting systems may create different psychological effects on customers working in the commercial sector.
Based on application, the human-centric lighting market is segmented into wholesale & retail, enterprises & data centers, residential, educational institutions, healthcare, industrial, and hospitality. The wholesale & retail segment is expected to account for a significant market share in the forecast period. Commercial sites such as banks, retail stores, and restaurants are likely to contribute significantly to the segmental growth during the assessment timeframe. Adoption of these systems in such places facilitates a healthy sleep-wake cycle among employees that helps in retaining focus by providing a cool blue light in the morning.
For a better understanding of the market adoption of human-centric lighting is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, Rest of North America), Europe (Germany, UK, France, Spain, Italy, and the Rest of Europe), Asia-Pacific (China, India, Australia, Japan, Rest of APAC), Rest of the World. Europe is expected to hold a significant market share in the forecast period owing to the growing installation of smart light systems in healthcare and commercial segments. Healthcare facilities and elderly care residences are implementing body dynamic lighting solutions to provide better environments and gain health-related benefits, enhancing the market representation. Hence, soaring the market size of human-centric lighting in Europe.
Some of the major players operating in the Signify Lighting NV, OSRAM AG, Acuity Brands, Inc. , Cree, Inc., Legrand SA , Hubbell Inc. , Lutron, Electronics Co., Inc., Zumtobel Group AG, Philips NV, Wipro Enterprises Ltd. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.
Products
Companies
Signify Lighting NV, OSRAM AG, Acuity Brands, Inc. , Cree, Inc., Legrand SA , Hubbell Inc. , Lutron, Electronics Co., Inc., Zumtobel Group AG, Philips NV, Wipro Enterprises Ltd
Table of Contents
Table of Contents
1 MARKET INTRODUCTION
1.1. Market Definitions
1.2. Limitation
1.3. Stake Holders
1.4. Currency used in Report
2 RESEARCH METHODOLOGY OR ASSUMPTION
2.1. Research Process of the Human Centric Lighting Market
2.2. Research Methodology of the Human Centric Lighting Market
2.3. Forecasting Method
2.4. Respondent Profile
2.5. Main Objective of the Human Centric Lighting Market Study
3 MARKET SYNOPSIS
4 EXECUTIVE SUMMARY
5 GLOBAL HUMAN CENTRIC LIGHTING MARKET COVID-19 IMPACT
6 GLOBAL HUMAN CENTRIC LIGHTING MARKET REVENUE 2019-2027F
7 MARKET INSIGHTS BY OFFERING
7.1. Hardware
7.1.1. Fixtures
7.1.2. Controllers
7.2. Software
7.3. Services
8 MARKET INSIGHTS BY INSTALLATION
8.1. New Installations
8.2. Retrofit Installations
9 MARKET INSIGHTS BY APPLICATION
9.1. Wholesale & Retail
9.2. Enterprises & Data Centers
9.3. Residential
9.4. Educational Institutions
9.5. Healthcare
9.6. Industrial
9.7. Hospitality
10 MARKET INSIGHTS BY REGION
10.1. North America
10.1.1. United States
10.1.2. Canada
10.1.3. Rest of North America
10.2. Europe
10.2.1. Germany
10.2.2. France
10.2.3. Spain
10.2.4. Italy
10.2.5. United Kingdom
10.2.6. Rest of Europe
10.3. Asia Pacific
10.3.1. China
10.3.2. India
10.3.3. Australia
10.3.4. Japan
10.3.5. Rest of Asia Pacific
10.4. Rest Of the World
11 HUMAN CENTRIC LIGHTING MARKET DYNAMICS
11.1. Market Drivers
11.2. Market Challenges
11.3. Impact Analysis
12 HUMAN CENTRIC LIGHTING MARKET OPPORTUNITIES
13 HUMAN CENTRIC LIGHTING MARKET TRENDS
14 LEGAL & REGULATORY FRAMEWORK
15 DEMAND AND SUPPLY-SIDE ANALYSIS
15.1. Demand Side Analysis
15.2. Supply Side Analysis
15.2.1. Top Product Launches
15.2.2. Top Business Partnerships
15.2.3. Top Business Expansions, Investments, and Divestitures
15.2.4. Top Merger and Acquisitions
16 VALUE CHAIN ANALYSIS
17 COMPETITIVE SCENARIO
17.1. Competitive Landscape
17.1.1. Company Shares, By Revenue
18 COMPANY PROFILED
18.1. Signify Lighting NV
18.2. OSRAM AG
18.3. Acuity Brands, Inc.
18.4. Cree, Inc.
18.5. Legrand SA
18.6. Hubbell Inc.
18.7. Lutron Electronics Co., Inc.
18.8. Zumtobel Group AG
18.9. Philips NV
18.10. Wipro Enterprises Ltd.
19 DISCLAIMER
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